* Included in Asking Price
Fork Lift Truck Company
Service, Repair, Maintenance, Sales & Hire
Location South Yorkshire
Asking Price £ 175,000
Asking price includes:
Typical Turnover circa £400,000 p.a.
Gross Profits in excess of £150,000 p.a.
Adjusted Operating Profits/EBITDA circa £78,000 p.a.
Net Assets circa £60,000 (inc. fleet of fork trucks for hire/plant/equipment/stock)
Highly desirable and diverse regular customer base
Thorough Examination CFTS Accredited
Senior skilled engineers
Multiple revenue streams
Support and training
This very highly regarded and competent organisation specialises in all aspects of fork truck/material handling requirements including servicing, maintenance and repairs, as well as the sale and hire of fork trucks.
This independent company has a very impressive track record spanning more than 15 years and experience of working with all the major materials handling manufacturers. The company caters for gas, electric and diesel fork trucks and also services and repairs Pallet trucks, Combi lifts, Moffet Mounty’s and Side loaders.
The core of the business is service and repair. The company has a team of highly trained and experienced mobile engineers who offer 24 hour coverage and rapid response times on breakdowns. The mobile units have fully equipped vehicles carrying up to date diagnostic and test equipment covering all makes and models of fork truck.
In addition to this the business provides planned maintenance and has its own fleet of 31 trucks, 17 of which are currently out on long term hire with the rest on short term hire. This fleet hire generates sales of circa £70,000 p.a.
The company sells fork trucks as well as parts and spares, however this represents a small percentage of current overall business.
The infrastructure is in place to provide a speedy solutions driven service due to having a strong engineering team in place with high technical expertise and commercial acumen.
Fully compliant with all the necessary legislation and regulations, the company is accredited to carry out Thorough Examination Inspections in accordance with the CFTS Quality Assurance Procedural Code.
The client mix is varied and prestigious with the business boasting a very large number of loyal customers (circa 200), most having been with the business for many years.
|Facilities:||The business operates from leasehold premises situated on a well-known industrial park. Premises comprise offices and warehouse/workshop and are ideally located with excellent access to major routes. Rent is circa £15,500 p.a. Rates are circa £6,600 p.a.|
|Competition:||Having established an excellent reputation for quality, technical ability, reliability and professionalism the business has little need for advertising, relying on the most cost effective forms of marketing-recommendations, referrals and repeat business. In saying that, it has an informative website.|
|Growth Potential:||With an enviable reputation within the industry and renowned for always meeting if not exceeding client expectations there is an outstanding opportunity to build on the existing services and customer base of this company. The business has a broad South Yorkshire customer base that could be developed further. It could expand its geographical spread further afield should a new owner so wish as the demand is there. This demand is being fuelled by ongoing legislation and health and safety requirements.
The vendor has tended to be reactive rather than proactive over recent years due to the high demand for its services. The business could easily be scaled up even further should a new owner wish to invest in further internal resource.|
|Training/Support:||The current owners would be happy to provide a comprehensive handover period to ensure a seamless transistion of ownership.|
|Sale Reason:||The vendors are planning their exit strategy due to impending retirement.|
Seller Reference #IP014
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